Business

Okonjo-Iweala, 7 others in race for WTO D-G post

The close of the nomination period for the top position at World Trade Organization (WTO), yesterday, showed that eight candidates, including Nigeria’s Dr. Ngozi Okonjo-Iweala, will be vying , according to Reuters. The news agency reported that a final 24-hour flurry added three names to the field to replace Brazilian Roberto Azevedo, who will quit at the end of August, a year earlier than expected. With three of the six previous Director-Generals coming from Europe and the others from Thailand, Brazil and New Zealand, pressure has been building to choose a leader from Africa. However, the continent has not united on a single figure, instead producing three candidates, from Egypt, Kenya and Nigeria. The others are from Britain, Mexico, Moldova, Saudi Arabia and South Korea. The WTO has also never had a female chief. Three in the field are women.

All eight are expected to present themselves to the general council of ambassadors next week before an unspecified period of campaigning. A “troika” of ambassadors will canvas opinion in the hope the members can unite around one name. “It’s like electing a pope. It’s a consensus process,” said Hosuk Lee-Makiyama, director of trade think tank ECIPE.

The process normally takes nine months, but the WTO now wants to do it in three. The job is a tough one. The WTO is set to go into overdrive on a series of disputes, including fishing subsidies, ahead of a biennial conference in 2021. It is also facing pressure to update global trading rules set 25 years ago. This means finding a consensus on new rules as U.S.-China tensions rise and other countries smart from more than 100 trade barriers erected since the coronavirus outbreak early this year.

 

TRY IT TONIGHT!!! ---

 

Abuja Civil Servant reveals (FREE) secret Fruits that Increased his Manh0d size, gives Stronger Erections and ends Premature Erection in 7days...

   

CLICK HERE FOR FULL DETAILS.

 

%d bloggers like this:
Fake Richard Mille Replica Watches, www.richardmille.to The ceramic upper and lower cases are imported from Taiwan and are processed by ATPT ceramics to form Y-TZP ceramics. After high-tech anti-fingerprint technology, they present a delicate and soft sub-black material. This color quality has remained unchanged for a hundred years. The color and luster are more detailed to achieve the ceramic tone visual pattern electroplating upper and lower shells that are infinitely close to the original products, with anti-reflective coating sapphire glass! The tape uses a soft and delicate Malaysian imported top rubber strap, and the movement is equipped with an imported Seiko NH movement. The buckle of this version is made according to the original size and thinness, making it feel more comfortable and intimate, the highest version on the market Richard Mille Replica